Latest China DCM news

• Short and sweet: Cogo seals three year bond

  

  China Overseas Grand Oceans Group (Cogo) raised a larger than expected $500m from a three year bond on Thursday, a week after pulling a 2023 transaction. Future Land Holdings Co also managed to woo investors to a $200m tap.

  • 25 May 2018

• BEWG prices Panda but abandons Bond Connect plan

  

  Beijing Enterprises Water Group (BEWG) sold two tranches of Panda bonds in the onshore interbank market on Thursday, taking home Rmb3bn ($470.1m). The issuer had hoped to bring in foreign investors through Bond Connect, but scrapped the plan in a rushed outing to the market.

  • 25 May 2018

• CMB closes in on big five Chinese banks with FRN

  

  China Merchants Bank’s Hong Kong branch managed to lock in a tight spread without sacrificing size on its $500m floating rate note on Wednesday.

  • 24 May 2018

• Back to CNH: Reverse enquiry leads QNB to Formosa

  

  Qatar National Bank (QNB) came back to the offshore renminbi market this week, just two months after its last syndicated CNH transaction. The issuer raised Rmb600m ($94m) on Wednesday by selling a three year note in Taiwan, after investors demonstrated demand for its renminbi debt.

  • 24 May 2018

• Updated: BECE to debut perpetual Panda

  

  Hong Kong-listed Beijing Enterprises Clean Energy Group (BECE) has filed for a Rmb2.8bn ($439m) issuance programme in China, paving the way for the red chip’s debut in the Panda market. Should the application go through, the issuer will sell the first perpetual bond in the asset class.

  • 23 May 2018

• Tianqi bonds hit by acquisition plan, CEFC slumps

  

  Tianqi Lithium Corp and CEFC China Energy Co were thrust into the limelight this week after their existing dollar bonds plummeted in the secondary market. Addison Gong reports.

  • 23 May 2018

• China DCM head leaves Barclays

  

  Royston Quek, head of Greater China DCM at Barclays, has left the bank after just over three years on the job.

  • 23 May 2018

• Time to take corporate FRNs seriously

  

  The successes and failures of a handful of deals last week showed that floating rate notes are not just for financial credits, but can also serve corporations well — especially in times of real need.

  • 21 May 2018

• RMBS: Chinese banks take aim at Bond Connect

  

  While Bond Connect has opened up China’s booming securitization market, most international investors are only tapping deals originated by foreign auto finance companies. But this is starting to change as Chinese banks prepare to sell residential mortgage-backed securities (RMBS) through the bond link.

  • 21 May 2018

• Great Wall AMC prices $600m bond

  

  China Great Wall Asset Management Corp snapped up $600m from a five year bond on Thursday, a modest size compared to its last offshore outing.

  • 18 May 2018

China DCM news archive